Xpansiv’s unlike much else on the ASX or listed globally; it owns the dominant carbon trading platform and associated services, including registry, data/trading infrastructure and the like. It’s also growing like a weed. Xpansiv’s carbon credit market CBL posted record volumes in the three months to March 31, crossing contracts worth 46.8 million tonnes. Including water and other ESG commodities, total volumes on CBL were 50.2 million tonnes, which was 15 per cent higher than what was a then record December quarter.